EXHIBIT - 4.4
EX-4.4
FIRST FLORIDA COMMUNICATIONS, INC.
0000 Xxxxx Xxxxxxxxxx Xxxxx, Xxxx, Xxxxxxx
(000) 000-0000 FAX (000) 000-0000
LEASE AGREEMENT FOR TRANSPONDER TIME
This Agreement between Video Catalog Channel (VCC) and First Florida
Communications, Inc. (FFCI) is for the subleasing by VCC for the usage of
certain designated times for FFCI's transponder, the 00 XXx X-xxxx satellite
transponder (Channel 20) on SatCom 3-R. based upon the following terms and
conditions:
For and to the benefit of each party, the parties agree to be mutually bound to
the following terms and conditions:
1. START DATE - If all terms can be met and executed, your start date could be
beginning with the broadcast week 44 beginning with Monday October 25, 1999.
2. TERM - The term will be for the duration of FFCI's lease for the transponder
but will be voidable by either party upon 120 days notice.
3. PAYMENT - Sublease rental paid by VCC to FFCI will be in the amount of
$40,000.00 monthly paid on the first day of Broadcast October 25, 1999, and each
month thereafter, plus an amount equal to Fifteen (15%) Percent of all VCC sales
(net returns, cancellations and credit card fees) to C-band customers who
register as new customers subsequent to VCC's first broadcast on Satcom 3-R paid
on a monthly basis at the end of the first month and each month thereafter.
4. TIME USAGE - VCC will have full usage of the transponder for a period of 18
hours per day, seven days per week. FFCI will have use of the transponder for
the time periods of 5.00 P.M. to 11:00 P M. EST. It is anticipated that
amendments to this time may be forthcoming in which FFCI will need more time
usage of the transponder up to a maximum of an additional 6
hours which will pro-rationally reduce the sublease rental payments made by VCC.
Such amendments must be presented to VCC at least 30 days in advance.
5. AFFILIATE COVERAGE - Both FFCI and VCC currently have affiliate coverage for
24 hours per day 7 days per wk to air broadcasting over the aforementioned
transponder for which weekly affidavits are available. Both parties will
maintain their current affiliate coverage for the benefit and usage of the other
party. Each party will submit their affiliate lists showing locations, call
numbers and letters, and the number of households each serves one to the other
along with the exchange of weekly affidavits.
6. MODIFICATIONS - Any changes to this agreement must be in writing signed by
the authoritative corporate officers of each corporation.
7. FUTURE RELATIONSIIIPS - It is anticipated that future relationships between
the corporate entities may alter, modify, or void this sublease in part or
totality.
The signatories below have the authority to bind, commit, and execute this
document for and in behalf of their respective corporation/company and that
respective company/ corporation shall become legally bound, obligated,
committed, and a party to the terms set down above.
Date
Xxxx X. Xxxxxx, President Video Catalog Channel, Inc.
Date
Xxxxxxx X. Xxxxx, CEO/President First Florida Communications, Inc.
